Micron Technology to set up facility in Hyderabad

Hyderabad, Sep 17 : Micron Technology Inc, a global leader in semiconductors, will set up a facility in Hyderabad with an investment of over Rs 300 crore, it was announced here on Monday.

According to the Telangana government, the company would be leasing about 1.8 lakh square feet in Madhapur, the IT hub.

It will be ramping close to 1,000 engineering and IT professionals over the next few years. This will be Micron’s largest presence in India, said a statement from the office of state’s IT Minister K.T. Rama Rao.

With a market cap of $51 Billion, Micron has a large presence in Singapore, Taiwan, Japan, China and Malaysia.

Micron is an industry leader in innovative memory and storage solutions. Through its global brands, its broad portfolio of high-performance memory and storage technologies, it is transforming how the world uses information to enrich life.